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There is another thing that Internet brought us at affordable price: electronic commerce (e-commerce, EC). There is no specific definition for what is e-commerce as everybody interprets it differently. Some view it as selling products and services on the net while others see it as any networked enabled business practice; such as Electronic Data Interchange (EDI), the World Wide Web, or email. Before the Internet, small businesses were restricted from engaging in electronic communications because of high installation and maintenance costs and as such business communications were performed by fax or telephone. ...
There are four functions of e-commerce:
• Communication
• Process improvement
• Service management
• Transaction capabilities
The perfect example of the communication function is email. ... When these benefits are gathered together it may seem the business process is becoming more automated and its efficiency is increased, however, there are also some disadvantages and costs that follow having a website and e-commerce enabled business. ...
The future of the electronic-commerce heavily depends on government regulations. ... Electronic commerce is a great resource and it will overcome most of the obstacles it is facing now. ... My prediction on the future of electronic-commerce is since it is already here it is not going anywhere.
Approximate Word count = 1319
Approximate Pages = 5.3
(250 words per page double spaced)
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